GI: Personal

Australian Treasury looks to standardise natural hazard insurance definitions

March 7 2024

New consultation aims to standardise natural hazards to enhance transparency and consumer understanding.

Real estate poses ‘moderate’ risk to Asia Pac insurers’ portfolios

March 7 2024

Chinese insurers have limited property exposures and attentions turns to Japanese lifers US commercial real estate holdings.

Chubb names David Morrow as New Zealand Country President

March 7 2024

Morrow has been with Chubb for 15 years in various leadership positions and is promoted from his role as Head of Property and Casualty (P&C) for Chubb NZ.

Koji Takahashi named new CRO and head of reinsurance at Sompo Japan

March 6 2024

Takahashi takes on the role from the retiring Emiko Maki and part of his responsibilities will be to strengthen the link between P&C and reinsurance operations.

Dubai-headquartered Kay International AMEA establishes regional hub in Singapore

March 6 2024

The reinsurance broker and MGA looks to expand facultative and treaty reinsurance offering in Southeast Asia.

Insurance brokers must improve reporting practices warns Australian compliance committee

March 6 2024

Insurance brokers face intensified scrutiny from the IBCCC for inaccuracies in reporting, with new guidance issued to improve compliance.

ASIC warns General Insurers to continue claims handling improvement

March 6 2024

Aussie regulator acknowledges steps taken by the industry, but notes that complaints are still increasing.

malaysias-takaful-sector-shows-resilience-amid-economic-challenges-fitch

Malaysia's Takaful sector showing resilience amid economic challenges: Fitch

March 5 2024

Fitch predicts sustained expansion for Malaysia's takaful industry, despite economic headwinds and a dip in family contributions.

Australian MGA Mustard Underwriting partners with Sovereign on personal lines products

March 5 2024

The collaboration will introduce home and contents, landlord, and motor products, with plans for further expansion.

as-ev-adoption-surges-apac-insurers-face-a-complex-drive-ahead

Nuanced underwriting and rapid adaption key to meeting surge in EV demand

March 5 2024

New risks, abundance of data, lack of service technicians, and telematics are pushing industry to adopt new underwriting approaches.

hong-kong-insurance-authority-enforces-prohibition-orders-on-three-agents-for-unfit-conduct

Hong Kong Insurance Authority enforces prohibition orders on three agents for misconduct

March 4 2024

IA imposes bans due to submission of false academic certificates and impersonation to access account information.

ICA: Australian summer extreme weather insurance losses hit AU$1.2bn

March 4 2024

100,000 claims from Christmas and New Year Storms and Cyclone Jasper push summer nat cat tally to AU$1.2bn (US$782bn).

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